Many students start their college career not knowing they are vulnerable to fraud. One way fraudsters target students is through financial aid and scholarship scams. Many students jump at the opportunity to receive tuition financial aid, which is what scammers count on to take advantage of the situation.
Here are some common scholarship-related scams:
- Fake scholarship sweepstakes
- Application fee scholarships
- Student tax scams
For more information on these scams, read Shazam’s blog post Class is back in session. Lesson 1: how to protect college students from scams.
Always be skeptical about any scholarship that requires money upfront. Just one phone call to the college can help prevent the student from falling victim to a scholarship award scam.